Author: NBTC

Unicoin has rebuffed the U.S. Securities and Exchange Commission’s (SEC) attempt to negotiate a settlement agreement to close an ongoing probe into the Miami-based crypto company, its CEO Alex Konanykhin revealed in a Tuesday letter to investors. In his letter, Konanykhin said Unicoin was given an “ultimatum” by the SEC to attend a settlement negotiation meeting last week, on April 18. “We declined to show up,” Konanykhin told CoinDesk, adding that the SEC had made demands ahead of the meeting that he found “unacceptable.” He declined to share specifics, telling CoinDesk that the communication between Unicoin’s lawyers and the SEC…

Panama City has officially signed an agreement with Towerbank to enable crypto payments for municipal services, including taxes, fees, and permits. This move marks a significant step forward in the city’s adoption of digital currencies. Residents will soon be able to pay using Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT). A Step Toward Crypto Adoption Panama City’s mayor, Mayer Mizrachi, explained that his team’s decision to push for crypto payments stemmed from the inability to pass a proposed Crypto Law last year. Realizing that legal barriers could slow progress, the team sought an alternative approach. The result…

Bitcoin price consolidates around $94,000 on Friday after rallying over 10% this week. US Bitcoin spot ETFs recorded a total inflow of $2.68 billion until Thursday, the highest weekly inflow since mid-December. Risk-on sentiment prevails as pro-crypto Paul Atkins swears in as head of the US SEC and Trump eases rhetoric on the Fed and China. Bitcoin (BTC) price is consolidating around $94,000 at the time of writing on Friday, holding onto the recent 10% increase seen earlier this week. This week’s rally was supported by strong institutional demand, as US spot Exchange Traded Funds (ETFs) recorded a total inflow…

A senior French central banker has warned that U.S. policy shifts promoting stablecoins could erode European monetary sovereignty in the absence of a digital euro. Denis Beau, first deputy governor of the Banque de France, warned that the Donald Trump administration’s recent executive order promoting dollar-backed stablecoins poses “concrete adverse consequences” for Europe’s financial sovereignty and called for urgent progress on a digital euro. In a speech last week, Beau noted that the dxecutive order, signed by U.S. President Donald Trump in late January, prohibits all work related to the development of a new form of central bank digital currency,…

Dragonchain’s DRGN rallied over 97% after the U.S. Securities and Exchange Commission said it plans to dismiss its long-running lawsuit against the project over alleged unregistered securities sales. According to a joint filing on April 24, the SEC and Dragonchain have agreed the case should be dismissed with prejudice, meaning it can’t be refiled. The SEC cited the work of its newly established Crypto Task Force and said dropping the suit was the appropriate step. The lawsuit, originally filed in August 2022, accused Dragonchain, its foundation, and founder Joseph Roets of raising $16.5 million through an unregistered token sale. The…

Binance, the world’s largest cryptocurrency exchange, is offering digital asset managers special accounts that allow pooling of their investors’ assets to make crypto fund management operations feel more like a traditional finance experience. The omnibus “Fund Accounts” introduce a universal net asset value (NAV) per unit concept used by buyside firms to provide a clear and trackable profit-and-loss for each fund, addressing the lack of a common market standard in crypto asset management, Binance said on Wednesday. Unlike the rarified world of high finance, crypto trading is still developing from a relatively unsophisticated retail market into a more institutional-friendly environment,…

Grayscale is accelerating its ETF expansion as the company seeks new avenues for growth amid increasing competition in the crypto ETF market. Grayscale, a leading asset management firm specializing in crypto investment products, is planning an expansion of its ETF lineup. According to Fortune’s interview with CEO Peter Mintzberg, the company has already increased its monthly launches or regulatory filings from one product in 2024 to five per month in 2025. The ramp-up comes as the firm struggles to maintain its edge after losing the fee advantage that once set its core product GBTC apart. The U.S. Securities and Exchange…

Solana (SOL), dubbed the “Ethereum killer,” has recorded significant gains in a key metric to justify that name. In the last 24 hours, Solana’s chain fees have outranked those of Ethereum (ETH) as the two crypto assets continue to battle for users’ attention. Solana tops Ethereum in daily fees despite lower TVL Data from DefiLlama shows that SOL earned $1.49 million in fees in the period under consideration. This was from its Total Value Locked assets worth $8.841 billion. Despite having a higher Total Value Locked of $58.741 billion, Ethereum could only manage chain fees of $1.09 million. This suggests…

American businessman Paul Atkins has been officially sworn in as the 34th chair of the U.S. Securities and Exchange Commission (SEC). These are the top facts about Wall Street’s new top cop. Fact 1. Opposing the post-Enron Sarbanes–Oxley Act Atkins, who was appointed as an SEC commissioner by former President George W. Bush back in 2002, strongly opposed the bipartisan Sarbanes–Oxley Act, which was passed to improve corporate auditing standards and financial reporting following major scandals such as Enron. The libertarian was speaking out against the Act’s sweeping regulatory provisions. Atkins has also opposed significant penalties for corporate wrongdoing. Fact…

South Korean exchange Upbit has announced that it will suspend deposits for SNX, following a recent trade warning from the Digital Asset Exchange Alliance. According to a recent notice from the crypto exchange, the Synthetix (SNX) token has been labeled a “trading caution item” by the Digital Asset Exchange Association or DAXA. As a result, the crypto exchange has decided to suspend deposits for SNX starting from April 24 at 15:00 KST. Synthetix is a decentralized finance protocol built on Ethereum (ETH) that lets users create and trade synthetic assets, known as Synths, which mirror the value of other assets…